Supabase, the Singapore-based database firm, has raised $100 million in Series E funding at a $5 billion valuation.

The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors, underscoring strong confidence in the company’s growth, Supabase said in a statement on last Friday.

The round comes just four months after their Series D, bringing their total funding to over $500 million.

As part of the Series E funding, Supabase intends to reserve an allocation for its community members to co-invest alongside institutional partners.

This initiative reflects the founders’ commitment to community, and will provide an opportunity for open source advocates to participate directly in the company’s growth.

The new capital will accelerate Supabase’s work on “Multigres”, an enterprise-scale version of its platform designed for large, data-intensive applications.

To lead the effort, Supabase has hired Sugu Sougoumarane, the co-creator of Vitess.

Sougoumarane is among a growing list of industry-leading database and open source founders working at Supabase; including Postgres core contributors, the NGINX co-founder, and the founders of various Y Combinator companies.

“Our community is what makes Supabase special, and it’s a priority to give them the opportunity to co-invest in what we’re building,

“With the new capital we’ll continue serving our community of over 4 million developers while building open source tools to scale Postgres,” said Paul Copplestone, co-founder and Chief Executive Officer of Supabase.

It is noted that this round marks what has been a banner year for Supabase, emerging as the preferred backend for artificial intelligence (AI)-driven development.

Platforms like Lovable and Bolt run on Supabase, alongside more than 100,000 customers; from over 50 percent of the latest Y Combinator batch, to enterprises such as PwC, McDonald’s, and Github Next.

“Supabase is scaling with clarity and conviction while redefining what it means to build applications with AI,

“With millions of developers, enterprise validation, and a team of entrepreneurial builders, Supabase is emerging as the defining database for the next generation of software,” said Arun Mathew, partner at Accel.

Peak XV’s Shailendra Singh continuedthat the firm is excited to co-lead Supabase’s Series E alongside Accel.

Supabase started with managed Postgres but is now evolving into a platform company. Their incredible developer-first mindset has made them a critical enabler for hundreds of thousands of new AI startups globally, powering the AI supercycle for millions of developers,

“This is our third consecutive investment since co-leading their Series C a year ago, reflecting our deep conviction in the leadership team. We’re thrilled to continue this enduring partnership as Supabase scales to its next phase of growth,” he added

According to the statement, over 4 million developers choose to use Supabase, often alongside Cursor and Claude Code, because it allows them to quickly spin up a backend that instantly updates itself with commands from AI.

“We invested in Supabase at the seed because developers shouldn’t have to choose between speed and scale. Today, the ability to build in a weekend and scale to millions is not just possible, it’s routine with Supabase,

“This new financing aims to accelerate Supabase’s efforts to become the backend for everyone, from startups to some of the most demanding, data-intensive enterprise workloads,” said Caryn Marooney, General Partner at Coatue.

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